Let’s start our Asian Tech M&A report by looking at deal volumes, which were incredibly robust with 234 transactions announced in Q1 2026, on pace to exceed the 10-year high of 563 deals seen in 2024. Demand was particularly strong from strategic acquirers, which represented the buyer in 91% of these transactions. Private Equity firms represented the acquirer in 22 of these deals. 

Total disclosed M&A deal values reached $13.9 billion through Q1 2026, approximately half the total level announced in 2025. Financial terms were disclosed in only 32% of these transactions as buyers preferred to keep their M&A strategies private.  

In the first quarter of 2026, strategic buyers such as CIMG, Micronity, GMO Tech, and Grab became the most active making 2 acquisitions each. Other notable strategics include Asian giants such as NTT, Wipro, Sharp, and Toyota. Financial buyer activity was led by private equity firms such as EQT Group, KKR, Carlyle Group, Blackstone, Haveli Investments, and others.